Inspire Advisors LLC Decreases Stock Holdings in Cincinnati Financial Corporation $CINF

Inspire Advisors LLC lessened its stake in Cincinnati Financial Corporation (NASDAQ:CINF) by 6.0% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,268 shares of the insurance provider’s stock after selling 337 shares during the period. Inspire Advisors LLC’s holdings in Cincinnati Financial were worth $784,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Quintet Private Bank Europe S.A. purchased a new position in shares of Cincinnati Financial in the 2nd quarter worth approximately $25,000. Meeder Asset Management Inc. acquired a new stake in Cincinnati Financial in the first quarter valued at approximately $26,000. Vermillion & White Wealth Management Group LLC acquired a new stake in Cincinnati Financial in the first quarter valued at approximately $32,000. AlphaQuest LLC grew its holdings in Cincinnati Financial by 714.3% in the second quarter. AlphaQuest LLC now owns 228 shares of the insurance provider’s stock worth $34,000 after purchasing an additional 200 shares during the last quarter. Finally, Carderock Capital Management Inc. acquired a new position in shares of Cincinnati Financial during the second quarter worth $45,000. 65.24% of the stock is owned by hedge funds and other institutional investors.

Cincinnati Financial Price Performance

Shares of NASDAQ CINF opened at $162.37 on Wednesday. Cincinnati Financial Corporation has a 52 week low of $123.01 and a 52 week high of $168.20. The business’s 50 day moving average price is $158.16 and its 200 day moving average price is $152.44. The company has a quick ratio of 0.29, a current ratio of 0.30 and a debt-to-equity ratio of 0.06. The firm has a market cap of $25.33 billion, a P/E ratio of 12.08, a P/E/G ratio of 4.27 and a beta of 0.69.

Cincinnati Financial (NASDAQ:CINF) last issued its earnings results on Monday, October 27th. The insurance provider reported $2.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.01 by $0.84. The firm had revenue of $3.73 billion during the quarter, compared to analysts’ expectations of $2.87 billion. Cincinnati Financial had a net margin of 17.57% and a return on equity of 8.51%. The firm’s revenue was up 11.8% compared to the same quarter last year. During the same quarter last year, the company posted $1.42 earnings per share. On average, sell-side analysts expect that Cincinnati Financial Corporation will post 5.36 earnings per share for the current year.

Cincinnati Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Monday, December 22nd will be paid a dividend of $0.87 per share. This represents a $3.48 annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend is Monday, December 22nd. Cincinnati Financial’s dividend payout ratio is presently 25.89%.

Insider Activity at Cincinnati Financial

In other Cincinnati Financial news, Director Dirk J. Debbink purchased 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 28th. The stock was purchased at an average price of $153.98 per share, for a total transaction of $153,980.00. Following the purchase, the director directly owned 58,482 shares in the company, valued at approximately $9,005,058.36. This trade represents a 1.74% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.83% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of analysts have recently weighed in on CINF shares. Roth Capital reissued a “buy” rating and issued a $175.00 price objective on shares of Cincinnati Financial in a research report on Tuesday, October 28th. Weiss Ratings reiterated a “buy (b)” rating on shares of Cincinnati Financial in a research note on Wednesday, October 8th. Finally, Keefe, Bruyette & Woods boosted their price target on Cincinnati Financial from $177.00 to $180.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 4th. Four equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $171.67.

Cincinnati Financial Profile

Cincinnati Financial Corporation, together with its subsidiaries, provides property casualty insurance products in the United States. It operates through five segments: Commercial Lines Insurance, Personal Lines Insurance, Excess and Surplus Lines Insurance, Life Insurance, and Investments. The Commercial Lines Insurance segment offers coverage for commercial casualty, commercial property, commercial auto, and workers' compensation.